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we have mcconnell and we have boehner. who is the quarterback, mr. president? who is the quarterback? >> there's some confusion about who the quarterback is on the republican side. that is, of course, quite common when you don't have the white house, but there's no doubt about who the quarterback is on the democratic side. the quarterback on the democratic side is the president of the united states. and unfortunately, he keeps throwing interceptions, and we're moving backward and backward and backward towards the goal line. >> i have a headache. >> should they not be talking about football? yeah. >> it's not working. new york jets owner woody johnson, of course -- >> woody! >> a mitt romney guy. >> yeah, woody. >> that was a cringer. harry reid, come on now. >> it's not right for harry reid to kick the jets around. that's a cheap shot. we can do it. you can't. senate minority leader mitch mcconnell, you just saw him there talking on the floor, he actually found himself, well, in unusual territory thursday. he actually had to filibuster himself. >> no, no, he ca
we have mcconnell and we have boehner. who is the quarterback, mr. president? who is the quarterback? >> there's some confusion about who the quarterback is on the republican side. that is, of course, quite common when you don't have the white house, but there's no doubt about who the quarterback is on the democratic side. the quarterback on the democratic side is the president of the united states. and unfortunately, he keeps throwing interceptions, and we're moving backward and backward...
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lou: the staffs of both president obama and house speaker boehner are talking, but there is still no word of progress on the so-called fiscal cliff or the president's ultimatum. silence indicate a deal in the works or something too ugly for them to contemplate?@ we'll have the latest for you from the white house. white house correspondent ed henry here in just moments, but, first, the money line in hoping washington might get a deal done driving a modestly bullish mood on wall street at the end of the session. investors cheering news in a decline in jobless claims, and household wealth in the country grew by $1.7 trillion, to the highest level in five years, talk about a positive indicator for consumer purchasing. the dow jones industrial up 40 points, the s&p up five, and nasdaq rose 15.5 points. volume? a billion shares lighter than yesterday, but above the average of 3.1 billion trading on the board today. apple rebounded from yesterday's worst date performance in four years, a gain of $8.45 today with the ceo saying apple will move imac computer production to the country in the n
lou: the staffs of both president obama and house speaker boehner are talking, but there is still no word of progress on the so-called fiscal cliff or the president's ultimatum. silence indicate a deal in the works or something too ugly for them to contemplate?@ we'll have the latest for you from the white house. white house correspondent ed henry here in just moments, but, first, the money line in hoping washington might get a deal done driving a modestly bullish mood on wall street at the end...
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it to boehner and obama to make a deal. though boehner spokesman michael steele tells us this morning if we're going to solve this problem every congressional leader and more importantly the white house have all important roles to play. the fact is we've heard this same thing. and that is that pelosi and the senate leaders are not in the room at first. they'll be brought in when boehner and the white house are close. mann while, back to the debt ceiling. the new republicans' main point of leverage n. a rare misstep, mcconnell may have taken some of that leverage away in a move that ended with mcconnell filibustering himself. the president doesn't have enough democratic support, mcconnell moved to vote to permanently give the president the rate to approve the debt ceiling. reid shocked mcconnell by calling the idea of having that vote a positive development. forcing him to reject a vote he had called for himself. >> is there objection? >> reserving the right to object, matters of this controversy -- what we're talking about
it to boehner and obama to make a deal. though boehner spokesman michael steele tells us this morning if we're going to solve this problem every congressional leader and more importantly the white house have all important roles to play. the fact is we've heard this same thing. and that is that pelosi and the senate leaders are not in the room at first. they'll be brought in when boehner and the white house are close. mann while, back to the debt ceiling. the new republicans' main point of...
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>>reporter: the president and speaker boehner spoke on the telephone phone and speaker boehner would not call it "tense" but said it was straight failure frank discussion of how far apart they are. >> the president is calling if $1.4 trillion in revenue. that cannot pass the house of representatives or the senate. if you look at our budget we have in new revenue in our budget. the president's budget, he had $1.6 trillion worth of new revenue in the budget. >>reporter: the republicans have offered $800 billion in revenue half of what the president wanted but they want to raise it by phasing our tax deductions and closing out loopholes which white house officials say cannot raise enough without hurting the middle class. >>shepard: thank you, wendell. north korea's daring rocket lunch prompted quick reaction from the united states and a lot of allies and they promised an "appropriate response." what would that be? what options does the united states have in dealing with the most rogue nation on the planet? going rogue, live from the state department. >> we could have a political showdow
>>reporter: the president and speaker boehner spoke on the telephone phone and speaker boehner would not call it "tense" but said it was straight failure frank discussion of how far apart they are. >> the president is calling if $1.4 trillion in revenue. that cannot pass the house of representatives or the senate. if you look at our budget we have in new revenue in our budget. the president's budget, he had $1.6 trillion worth of new revenue in the budget....
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you have been critical of house speaker john boehner and what is on the table. what he put to the table, $800 billion of tax deduction and closing loopholes already. what do you say to people who say listen, the president won re-election. the republicans have to do something to get a deal? >> we don't have a revenue problem. government doesn't need to take more money out of the economy to give stoit incompetent politicians and bureaucrats. that won't make the middle class or anybody better off. look at obama's policies played out at the state level, greece, all over the world. there is no place they are working or have ever worked. but you can point to states where governor like scott walker or john kasich or rick scott are employing the conservative principles and they are attracting businesses and creating jobs. o'reilly did a great segment comparing texas and california. that is what i want to do with heritage, showcase successes we are having. to republicans concede we need more revenue in the context of not reforming entitlement or the tax code and the pres
you have been critical of house speaker john boehner and what is on the table. what he put to the table, $800 billion of tax deduction and closing loopholes already. what do you say to people who say listen, the president won re-election. the republicans have to do something to get a deal? >> we don't have a revenue problem. government doesn't need to take more money out of the economy to give stoit incompetent politicians and bureaucrats. that won't make the middle class or anybody...
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recently called for john boehner's overthrow by other conservatives in the house. more unink hadded jim demint without having to worry about being a senator is incredibly paralyzing for the republican party. jon: he says he fields he can wield more influence as head of the heritage foundation as he can as a united states senator. here's what he told our bret baier. >> i think i'm in a more powerful position than a single united states senator. i wouldn't feel good about leaving if we didn't have so many new bright young conservatives now in the senate but it's time that conservatives take control of our message and let americans know what we can do to make their lives better. republicans hadn't done that good of a job as a party doing that. jon: he spoke about conservatives, monica, not necessarily republicans. he seemed to be aiming his ire at both parties but republican as well. >> as well he should because the republican establishment for many decades, but now even more recently on the fiscal cliff, they seem to be willing to go down that road of big government,
recently called for john boehner's overthrow by other conservatives in the house. more unink hadded jim demint without having to worry about being a senator is incredibly paralyzing for the republican party. jon: he says he fields he can wield more influence as head of the heritage foundation as he can as a united states senator. here's what he told our bret baier. >> i think i'm in a more powerful position than a single united states senator. i wouldn't feel good about leaving if we...
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gain bah boehner has been here a long time. he saw the coup attempt to speaker gingrich by members of his old party. he knows he has to hold those people together to negotiate with the president. he saw a little bit of wiggle room earlier with jim demint coming out earlier and said he thought the tax offer was an outrage. from the right you can see the speaker tamping that out with his boot. gwen: the president has not always been where he is on this now with the tax rate. he's said in the past that maybe the tax rates should not be raised and that would be bad for the economy. what changed? >> the economy changed. the economy is better. a lot has been made of the fact that the president caved two years ago, december of 2010. that was when the buschera tax rates first expired and he agreed to a two-year extension. yes, he caved but i think in fairness to the president he got a lot for it and the economy wasn't doing so well, which is why he wanted stimulus in the first place. in return for extending them then, he got payroll ta
gain bah boehner has been here a long time. he saw the coup attempt to speaker gingrich by members of his old party. he knows he has to hold those people together to negotiate with the president. he saw a little bit of wiggle room earlier with jim demint coming out earlier and said he thought the tax offer was an outrage. from the right you can see the speaker tamping that out with his boot. gwen: the president has not always been where he is on this now with the tax rate. he's said in the past...
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at least publicly john boehner is not sounding confident. >> he is not. he was very pessimistic and came out and told reporters is he still frustrated that president obama has not responded with some sort of a counter proposal to the republic debt plan that was put on the table. he basically is saying that these talks are still going nowhere. this isn't a progress report because there is no progress to report. when it comes to the fiscal cliff that's threatening our economy and threatening jobs. the white house has wasted another week. >> one sign of optimism is when he was pressed by a reporter about tax rates, he seemed to leave the door open about some flexibility of negotiating with the white house. vice president biden said while rates have to go up it's negotiable what exact rate it is. whether it goes all the way up to the top rate to 39.6 like the clinton days. it seems like there is wiggle room on both sides. that may be where we get a deal if these two sides get together next week, shep. >> shepard: u.s. officials say the syrian regime has begun
at least publicly john boehner is not sounding confident. >> he is not. he was very pessimistic and came out and told reporters is he still frustrated that president obama has not responded with some sort of a counter proposal to the republic debt plan that was put on the table. he basically is saying that these talks are still going nowhere. this isn't a progress report because there is no progress to report. when it comes to the fiscal cliff that's threatening our economy and...
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. >> well, spiker boehner believes and convinced me he's negotiating with himself. he's in the spot between, and let's be clear, john boehner's never voted for a tax increase in his entire caer in the house so he's got his principles, and, on the other hand, we saw in november, bewere not successful coming to electioneering. we're going to be blamed. he wants to create the appearance of a willingness to sit down in talk in a broad way in entitlement reform, bending the spinning art, but the president won't engage it. it's give me my increase on the dreaded rich people, and and unlimited credit card with respect to the debt ceiling. can you imagine anything more absurd than us giving eman unlimited ability to raise the debt ceiling? he's got the unmitigated ability to ask for tt. lou: congressman, i have the most profound respect. you t me to tears thinking about the 435 folks there on capital hill in the house who have little tiny megaphones and can't get their message out, but then i start desperately looking for the message, and i can't even find it as i seek it.
. >> well, spiker boehner believes and convinced me he's negotiating with himself. he's in the spot between, and let's be clear, john boehner's never voted for a tax increase in his entire caer in the house so he's got his principles, and, on the other hand, we saw in november, bewere not successful coming to electioneering. we're going to be blamed. he wants to create the appearance of a willingness to sit down in talk in a broad way in entitlement reform, bending the spinning art, but...
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with speaker boehner. that reflects his strength. boehner will condition to stand strong as long as he has their support. >> whatever deal he cuts, he will have 80 or 90. >> at the end of the day, yeah. if he agrees to it. that's the thing. you can imagine there will be a lot of pull from a lot of different sides on this within the condition conference. some of these guys are behind him on a lot of things and the conserfative pieces of the coalition there were not going along. there is a long way to go. >> i want to get your takes on this. michigan is losing the fight and the democrats think they will win the political war. is that all they got? you look at the history of the right to work, you never seem to be able to stop. >> it does have challenges. we are calling it right to work is a victory on the right. the michigan polls show this is a winner for people who with unions. the governors ratings are very mediocre. majority say that after they hear both sides, they are against right to work and 80% say
with speaker boehner. that reflects his strength. boehner will condition to stand strong as long as he has their support. >> whatever deal he cuts, he will have 80 or 90. >> at the end of the day, yeah. if he agrees to it. that's the thing. you can imagine there will be a lot of pull from a lot of different sides on this within the condition conference. some of these guys are behind him on a lot of things and the conserfative pieces of the coalition there were not going along. there...
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come up with boehner's plan to cut spending. (laughter) >> a lot of people know that the president and i met on sunday it was a nice meeting, it was cordial but we're still waiting for the white house to identify what spending cuts the president is willing to make, where are the presidents spending cuts? >> stephen: now critics say the speaker is just asking democrats to put specifics in into the republican proposal but i say that's kind of fun. it makes the budget into a giant mad-lib. for instance, we agree to cut ten be zillion from the program that gives ukuleles to the sticky poor. toilet boom! (cheers and applause) we will have more on this story -- if i have to. (laughter) nation, there's a danger lurking around every corner. that's why i say we must start making all of our buildings round. (laughter) this is the threat down. (cheers and applause) first up, folks, i always keep watch on our international enemies, especially north korea. and their dear leader kim jong-un. in my book he is public enemy number un. (laughter)
come up with boehner's plan to cut spending. (laughter) >> a lot of people know that the president and i met on sunday it was a nice meeting, it was cordial but we're still waiting for the white house to identify what spending cuts the president is willing to make, where are the presidents spending cuts? >> stephen: now critics say the speaker is just asking democrats to put specifics in into the republican proposal but i say that's kind of fun. it makes the budget into a giant...
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speaker boehner doesn't want to be seen as caving too early. he would get a challenge for his speakership at the beginning of the next congress. he knows what the end game is going to be. there are going to be rises in tax rates for the wealthiest 2%. it's just a question of whether it's 37 or 39.6% and what else can he gets. if he's able to get some kind of concession on the spending side, then that, i think, saves him face with his more conservative members. >> this 37%, though, number that's been floated out there, what do your gop colleagues say to that number? >> they have been very, very adamant about not raising the rate at all. so i don't think probably the 37 is going to be any easier to swallow than 39.6. but i think what it would do is give speaker boehner some way to say, well, i got some concessions. can't go all the way to maintain the exact rate of 35% but we got something. i think that's what he's looking for with that 37% initiative. >> all right, kentucky democratic representative john yarmuth. >>> the other side of the aisle,
speaker boehner doesn't want to be seen as caving too early. he would get a challenge for his speakership at the beginning of the next congress. he knows what the end game is going to be. there are going to be rises in tax rates for the wealthiest 2%. it's just a question of whether it's 37 or 39.6% and what else can he gets. if he's able to get some kind of concession on the spending side, then that, i think, saves him face with his more conservative members. >> this 37%, though, number...
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i think boehner, a lot of us want a big deal. we're willing to put everything on the table. >> including new revenue? >> including new revenue. when we talk about they're going to cut, add revenue, cut expenses, we're running $1.3 trillion a year. we're going bankrupt if we don't figure out how to do this in a big way, and i think boehner wants to get that done. i think he can lead on that. i'm glad they're together. i just don't -- over the years i've been in business, you know, you given the professionals an opportunity to get it done but at the end of the day you get in a room yourself and we're not leaving until it gets done. >> do you sense eric cantor, kevin mccarthy, other leaders will give john boehner the room that he needs to do the deal? >> i do. >> without worrying about having to come back and getting his knees cut out from underneath him? >> they've sent some signals. i don't know it if you've been reading. i'm sure you've seen a loft different things about members but i think they want to get a big deal, a substant
i think boehner, a lot of us want a big deal. we're willing to put everything on the table. >> including new revenue? >> including new revenue. when we talk about they're going to cut, add revenue, cut expenses, we're running $1.3 trillion a year. we're going bankrupt if we don't figure out how to do this in a big way, and i think boehner wants to get that done. i think he can lead on that. i'm glad they're together. i just don't -- over the years i've been in business, you know,...
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senator demint starts about firing speaker boehner on rush limbaugh show. where is this war going? >> well, you do see a real split on the republican side right now between the establishment figures. let's be clear, the power still sits with the tea party more than with the establishment. you've seen this in the picking of the next gubernatorial candidate. and so it's a small number of people who are trying to move away from that ideology and you also see the institutional shift. something like the heritage foundation that used to be a real generator of ideas, taking one of the flat earthers out of the senate to try to come in and be the face of that is not moving in a direction. this is a senator who stood with todd akin after and put his name out there and that's largely been pushed down by the base of the party and of the movement. >> now, joe, when you see senator demint tweeting statements that really ripped speaker boehner's debt talks, he tweeted this, speaker boehner's offer of an $800 billion tax hike will destroy jobs and allow politicians in washington to spend even more
senator demint starts about firing speaker boehner on rush limbaugh show. where is this war going? >> well, you do see a real split on the republican side right now between the establishment figures. let's be clear, the power still sits with the tea party more than with the establishment. you've seen this in the picking of the next gubernatorial candidate. and so it's a small number of people who are trying to move away from that ideology and you also see the institutional shift....
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boehner raised the question. some of the things that the president was asking for i couldn't get through the house anyway. if he can make a deal with the president and it is still painful, even if it's not $1.4 trillion in new revenue can he get it through the house? how much danger is he in for losing the speakership if he doesn't stand firm enough on the president? >> he could be in fair bit of danger here. the question is, if he is willing to get something through the house without a majority of the caucus for. this hastert rule. speaker hastert would never bring something through unless majority of republicans to support it. >> chris: majority of the majority. >> so of course his speakership could be threatened here. one side story of this at least in washington is the majority leader. cantor has been not as front and center in the negotiations at all. is he waiting in the wings to help things out, waiting in the wings to be there if speaker boehner falls? that is an intrigue here. speaker boehner is committe
boehner raised the question. some of the things that the president was asking for i couldn't get through the house anyway. if he can make a deal with the president and it is still painful, even if it's not $1.4 trillion in new revenue can he get it through the house? how much danger is he in for losing the speakership if he doesn't stand firm enough on the president? >> he could be in fair bit of danger here. the question is, if he is willing to get something through the house without a...
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president obama and john boehner. even all sides of the party are excluded. >>> with 25 days before taxes go up for nearly every single american, what effect will the jobs report have on the fiscal standoff? we'll get live remarks from john boehner who is going to try to use the jobs report to the republican's advantage. representative, let's start with the november jobs report numbers. they look very good, good news overall for the koirnlt tree. but speaker boehner said this, the democrats plan to slow walk our economy to the edge of the fiscal cliff instead of engaging in serious talks to avert the cliff, that includes spending cuts and tax reforms the president once supported. the white house has only offered a joke. i understand we have speaker boehner to the microphones. let's take a listen. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. eight days ago secretary geithner came here to offer a plan that had twice the tax hikes that
president obama and john boehner. even all sides of the party are excluded. >>> with 25 days before taxes go up for nearly every single american, what effect will the jobs report have on the fiscal standoff? we'll get live remarks from john boehner who is going to try to use the jobs report to the republican's advantage. representative, let's start with the november jobs report numbers. they look very good, good news overall for the koirnlt tree. but speaker boehner said this, the...
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john boehner gave an eagle scout the honor of flipping that switch. >> 3,
john boehner gave an eagle scout the honor of flipping that switch. >> 3,
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on friday boehner did not rule out a compromise on a tax hike for top earners, somewhere between today's 35% and of rate and the clinton-era's throan.6%. >> there are a lot of things that are possible to put the revenue the president seeks on the table. >> reporter: even if the two sides are making progress behind the scenes, no one expects them to admit it until the last minute. the office of management and budget has asked all federal agencies to produce detailed listes of possible cuts just in case there's no deal maurice. >> dubois: nancy cordes, thank you. one of the brightest spots in the u.s. economy is car sales. 1.1 million cars and trucks were sold last month, up 15% or last year. john blackstone reportes, while americans are spending more money on cars they're demanding vehicles vehicles that cost them less at the pump. >> reporter: this year's l.a. auto show is bolder... and greener than ever before. more than 50 electric, i hybrid, and other fuel-efficient vehicles are on display at a time when style is taking a backseat to fuel economy. edward loh, editor in chief for "moto
on friday boehner did not rule out a compromise on a tax hike for top earners, somewhere between today's 35% and of rate and the clinton-era's throan.6%. >> there are a lot of things that are possible to put the revenue the president seeks on the table. >> reporter: even if the two sides are making progress behind the scenes, no one expects them to admit it until the last minute. the office of management and budget has asked all federal agencies to produce detailed listes of...
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boehner's emboldened by that support. but also you know i think they've been swashbuckling insofar as keeping the raucous members or purging them from committee chairs. >> there's definitely been a new message which is that john boehner's the boss and we're not going to deal with insubordination. if you look at that offer, people are saying it's boehner's offer. it's signed by eric cantor. >> and paul wrien. >>> and paul ryan. any leader who the rebels, shall we say, within the republican conference could have, is now aligned with wehner completely. strengths his hand. he's the sole negotiate, whatever he gets from president obama will be the rule of law. and i think what's really emboldened boehner, ironically, mitt romney's loss. it's this idea that john boehner's survived, he's the one who came through. we were able to keep the house. he does get a lot of credit for that among house republican circles, they were able to keep the house. people think -- >> he raised something like 100 million dollars. >> he's the kingmak
boehner's emboldened by that support. but also you know i think they've been swashbuckling insofar as keeping the raucous members or purging them from committee chairs. >> there's definitely been a new message which is that john boehner's the boss and we're not going to deal with insubordination. if you look at that offer, people are saying it's boehner's offer. it's signed by eric cantor. >> and paul wrien. >>> and paul ryan. any leader who the rebels, shall we say, within...
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aids say john boehner has sent president obama a new counter offer tonight. it's apparently a response to an offer the white house made yesterday. that was one day after the president and the speaker met one on one at the white house. of course three weeks from today automatic tax hikes and spending cuts kick in if they can't come to deal. jim angle is following late developments from our washington newsroom. there have been a lot of them in just the last 30 minutes. >> i will say, shep. the clock, of course, as you indicated is clicking louder. not clear if we had real progress or just movement. president and speaker boehner did talk by phone tonight after white house offer monday and counter offer from boehner about which his office said quote we sent the white house a counter offer that would achieve tax and entitlement reform to solve our loom being debt crisis and create more miner jobs. the statement also reit raided, however, what speaker boehner and others said earlier today. listen. >> we're still waiting for the white house to identify what spends c
aids say john boehner has sent president obama a new counter offer tonight. it's apparently a response to an offer the white house made yesterday. that was one day after the president and the speaker met one on one at the white house. of course three weeks from today automatic tax hikes and spending cuts kick in if they can't come to deal. jim angle is following late developments from our washington newsroom. there have been a lot of them in just the last 30 minutes. >> i will say, shep....
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that t to do that, but the only two negotiators that matter right now are the president and speaker boehner. and as i mentioned before-- again, i understand there are two sides of this tale-- the president is really not yet offering the kind of reforms that would make these programs solvent for the long haul so we're trying to think how do we get there. so very healthy discussion today. i'm enthused about today, and i hope we'll resolve this over the course of the next several weeks. >> woodruff: senator bob cork ethank you very much. >> thank you. >> woodruff: we will have more perspectives in the coming days. >> ifill: next, two takes on the war in syria. as the conflict rages on, there are new concerns this week that the assad government is moving closer to the use of chemical weapons. jeffrey brown has that part of the story. >> brown: the syrian civil war has now closed in on president bashar al-assad's seat of power, with rebel gunfire ringing out again today in damascus. amateur video also showed new shelling in the capital, as government forces continued a push to retake key suburbs
that t to do that, but the only two negotiators that matter right now are the president and speaker boehner. and as i mentioned before-- again, i understand there are two sides of this tale-- the president is really not yet offering the kind of reforms that would make these programs solvent for the long haul so we're trying to think how do we get there. so very healthy discussion today. i'm enthused about today, and i hope we'll resolve this over the course of the next several weeks. >>...
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. >> reporter: his remarks came one day after house speaker boehner announced the talks were stalled. >> well, this isn't a progress report, because there's no progress to report. >> reporter: his democratic counterpart nancy pelosi blamed boehner for the stalemate. >> what they offered in return was an empty letter, lacking in specifics. >> reporter: such is the state of negotiations, 23 days before the deadline, when federal income tax will revert to higher levels, and long-term unemployment benefits will dry up for over two million americans who have been out of work for six months or more. on friday, boehner did not rule out a compromise on a tax hike for top earners, somewhere between today's 35% rate and the clinton era's 39.6%. >> there are a lot of things that are possible. to put the revenue this the president seeks on the table. >> reporter: even if the two sides are making progress behind the scenes, no one expects them to admit it until the last minute. but the office of budget has asked for a list of possible cuts just in case there's no deal. >>> barely a month old, the
. >> reporter: his remarks came one day after house speaker boehner announced the talks were stalled. >> well, this isn't a progress report, because there's no progress to report. >> reporter: his democratic counterpart nancy pelosi blamed boehner for the stalemate. >> what they offered in return was an empty letter, lacking in specifics. >> reporter: such is the state of negotiations, 23 days before the deadline, when federal income tax will revert to higher...
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youjohn boehner in the briefing room has a chart. in boehner's words as we've been given excerpts by his staff is spending. the problem is entitlements. that is what's driving the debt. you see that large red portion of that chart that boehner is about to use. you know, the question is, will he have the votes to pass whatever it is he puts on the floor, thomas? and there's an ironclad rule in the house of representatives. and that is, a speaker does not put something on the floor that is not going to pass with the majority of his congress, in this case, republicans, and anything with tax hikes on it as the president is insisting on, whether that gets on the floor or republicans, that's highly questionable. >> is foster friess giving you a little ankle there? >> foster friess, that's a name from the past. >> kristen, let's talk about what the president is able to acquiesce about spending cuts? this about compromise or total victory? >> i think to some extent it's about compromise. but there is no doubt that president obama believes he
youjohn boehner in the briefing room has a chart. in boehner's words as we've been given excerpts by his staff is spending. the problem is entitlements. that is what's driving the debt. you see that large red portion of that chart that boehner is about to use. you know, the question is, will he have the votes to pass whatever it is he puts on the floor, thomas? and there's an ironclad rule in the house of representatives. and that is, a speaker does not put something on the floor that is not...
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. >> speaker boehner can't ignore the american people forever. at some point, reality should set in. the only question is how much financial stress middle class families and our entire economy will have to endure during this process. >> is this any way to solve the biggest threat to the economy since lehman brothers? "fast money" starts right now. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. back from the brink. from b of a to yahoo! stocks, are suddenly the comeback kids of the fourth quarter. we're separating winners from losers. >>> plus, sell signal. if insiders are heading for the exits, should you be, too? >>> and we're talking real estate and the fiscal cliff with dolly lens. but first, let's get straight to our top story, and that is the haggling in washington, d.c. president obama's meeting with house speaker john boehner this hour. john, what should we expect? >> we expect the meeting to last something less than an hour between the speaker and the president of the united states. a republican lea
. >> speaker boehner can't ignore the american people forever. at some point, reality should set in. the only question is how much financial stress middle class families and our entire economy will have to endure during this process. >> is this any way to solve the biggest threat to the economy since lehman brothers? "fast money" starts right now. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. back from the brink. from b of...
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democrats complain the new proposal from house speaker john boehner is too vague about tax increases even as it lays out a tough package of spending cuts. for instance raising medicare's eligibility age for the first time in the program's history most likely by two years from 65 to 67 the move would not apply to americans who are close to retirement now. it would be phased in for younger workers such as maggie, a virginia health club manager who just turned 50 last month. >> i think the biggest factor for me is when are you going to retire so you lose your insurance from work and if it goes to 67 you have this two- year gap. what are you going to do? >> reporter: when medicare was created in 1966, the average life expectancy for men was 67 years, today it's 76 and women live on average to 81. one recent study by the kaiser family foundation estimated that shifting medicare eligibility from 65 to 67 would save the federal government $5.7 billion a year. 65 and 66-year-olds would pay an extra $3.7 billion a year to ensure themselves. the employers would pay billions more. >> it would f
democrats complain the new proposal from house speaker john boehner is too vague about tax increases even as it lays out a tough package of spending cuts. for instance raising medicare's eligibility age for the first time in the program's history most likely by two years from 65 to 67 the move would not apply to americans who are close to retirement now. it would be phased in for younger workers such as maggie, a virginia health club manager who just turned 50 last month. >> i think the...
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speaker boehner is facing growing backlash from the more conservative wing of his party. at issue, the $800 billion in new tax revenue he proposed in a fiscal cliff deal which the white house quickly rejected because it does not raise taxes on the wealthy but aims to get the money through cuts in deductions. senator jim demint denounced boehner's plan as a tax hike that will, quote, destroy american jobs and allow politicians in washington to spend even more. senate minority leader mitch mcconnell also distanced himself from the boehner plan declining to endorse it yesterday. >> we've wasted enormous amount of time here sparring back and forth in public, and it strikes me it's a good time to get serious about the proposals. so i have no other particular observation than i commend the house republican leadership for trying to move the process along and getting to a point where hopefully we can have a real discussion. >> but why is the the gop still hot on its desire to raise money through cuts and deductions rather than an actual increase in the top end tax rate? well, i t
speaker boehner is facing growing backlash from the more conservative wing of his party. at issue, the $800 billion in new tax revenue he proposed in a fiscal cliff deal which the white house quickly rejected because it does not raise taxes on the wealthy but aims to get the money through cuts in deductions. senator jim demint denounced boehner's plan as a tax hike that will, quote, destroy american jobs and allow politicians in washington to spend even more. senate minority leader mitch...
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john boehner is just -- he's trying to triangulate here a little bit. and he's trying to bring his conference along. he is begging the white house to show him a path out. and the white house is sitting there going why do we do you any favors? you can understand the politics of it going why? why should do i you a favor, you did me no favors but at some point somebody is going to have to say okay, uncle, let's do this over here. >> the polling that you guys and the journal had would indicate that the public wants to get a deal done but as we know, there was that great jonathan weisman piece in the "times" this week that pointed out half the republican conference in the house was re-elected with 55% of the vote. the pointing being the political leverage with those members of congress come from the primary, not from the general election and that's what drives it. >> it is splitting the party. the guys that are statewide office holders are going to the house republicans you're killing party as a national -- and they are. if they're not careful, they are. >>
john boehner is just -- he's trying to triangulate here a little bit. and he's trying to bring his conference along. he is begging the white house to show him a path out. and the white house is sitting there going why do we do you any favors? you can understand the politics of it going why? why should do i you a favor, you did me no favors but at some point somebody is going to have to say okay, uncle, let's do this over here. >> the polling that you guys and the journal had would...
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direct talks but only moments ago john boehner says there's no progress. >> the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. it's time for the president, if he's serious to come back to us with a counter offer. >> the president told a virginia family on thursday he won't back down on taxing the rich. >> just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is good for families like this one. >> the rebels gain on assad raising fears he might use chemical weapons. that was enough to frighten the russians into talking with hillary clinton about a political transition. >> the united states stands with the syrian people in insisting that any transition process re -- result in a unified democratic syria in which all citizens are represented. the future of this kind cannot possibly include assad. >> a tragic turn of events in london. the nurse that first transferred that prank call to duchess cat
direct talks but only moments ago john boehner says there's no progress. >> the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. it's time for the president, if he's serious to come back to us with a counter offer. >> the president told a virginia family on thursday he won't back down on taxing the rich. >> just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at...
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house speaker john boehner is taking it from all directions this week. president obama and democrats are ripping him for resisting tax hikes on the rich. boehner's own party is giving him a hard time for not resisting hard enough. chief political correspondent carl cam has a deeper look at -- carl cameron has a deeper look at that story. >> john boehner is trying to stave off conservative rebellion in the ranks. his proposal to steer clear of the fiscal cliff raising tax revenue $800 billion closing the loopholes outraged antitax conservatives. when the speaker removed the conserve priv key committees in the past, the battle began. >> $800 billion over ten years and that looks like it would be a tax increase to me. 238 republicans, myself included, took a pledge not to raise taxes. they want to send a message to me to send a message to others. that we are not going to tolerate people who are interested in doing what is right. we want to play the same old game. if you try to disrupt that, we will knock you off a committee. >> for refusing to tow the leade
house speaker john boehner is taking it from all directions this week. president obama and democrats are ripping him for resisting tax hikes on the rich. boehner's own party is giving him a hard time for not resisting hard enough. chief political correspondent carl cam has a deeper look at -- carl cameron has a deeper look at that story. >> john boehner is trying to stave off conservative rebellion in the ranks. his proposal to steer clear of the fiscal cliff raising tax revenue $800...
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we had a meeting with harry reid and speaker john boehner. the executive board message was as you are dealing with tough decisions that have to be made, to make sure that we don't over the fiscal cliff, don't shift the burden downward. we understand that there is a shared sacrifice. we ask for flexibility when it comes to programs that are funded by the federal government and federal monies. we need flex ability to be able to determine what is in the best interest of our state. how we can best serve the population. gerri: the truth is the states only have so much flex ability because you have to meet your budget. the federal government doesn't. but i want to show who is in washington. it was scott walker, gary herbert, mark dayton, jack markell. all the leadership of the governors association. what kind of response did you get? we are not passing anything onto you guys. >> the president was very cordial and respectful to the governors. and we believe that we have a stake in this process, and he felt like we could offer some ideas of ways that
we had a meeting with harry reid and speaker john boehner. the executive board message was as you are dealing with tough decisions that have to be made, to make sure that we don't over the fiscal cliff, don't shift the burden downward. we understand that there is a shared sacrifice. we ask for flexibility when it comes to programs that are funded by the federal government and federal monies. we need flex ability to be able to determine what is in the best interest of our state. how we can best...
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in return boehner will demand something in return. that has got to be serious spending cuts and serious entitlement reform. so far the president has not given very much. although i will say when i talked to tim geithner, treasury secretary last week on "fox news sunday", he seemed to be inviting the republicans to do it, in effect saying look we'll not sit there did it ourselves. we can't make your demand for you. you should two demand it. of course there is some politics in that because it is a little difficult to say, yeah we want to raise retirement age for medicare or we want to cut or limit the social security cost of living adjustment. but i think the democrats will say, republicans you have to demand it but we'll give it to you if you demand it. martha: seems there are two levels of the political reaction to all of this. you've got the moment when a deal is reachesed, okay? you have what happens to the economy, six, seven, eight months down the road. if indeed you allow taxes to go up on all 100% and it starts to hit businesses
in return boehner will demand something in return. that has got to be serious spending cuts and serious entitlement reform. so far the president has not given very much. although i will say when i talked to tim geithner, treasury secretary last week on "fox news sunday", he seemed to be inviting the republicans to do it, in effect saying look we'll not sit there did it ourselves. we can't make your demand for you. you should two demand it. of course there is some politics in that...
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i've known john boehner for 21 years. he recognizes that the republicans also running for re-election said to their constituents "we will not raise your taxes. we will not do anything in this economic recession to make things worse "." raising the top two rates is going to hit the job creators and i think what john boehner has said, he said this the day after the election, governor, he said we recognize that the elections have consequences, the president won. republicans are willing to give the president most of what he wants, $800 billion somewhere around a trillion of additional revenue. how do we get there. the president wants to increase tax on the wealthy. republicans want to close loopholes. i think we're a lot closer than the president and congressional republicans would lead you to believe. it is a question of how do we get there. >> jennifer: don't you think ron, if they close loopholes now, then they're not going to be able to lower the corporate tax rate -- it depends on which loopholes you close whether person
i've known john boehner for 21 years. he recognizes that the republicans also running for re-election said to their constituents "we will not raise your taxes. we will not do anything in this economic recession to make things worse "." raising the top two rates is going to hit the job creators and i think what john boehner has said, he said this the day after the election, governor, he said we recognize that the elections have consequences, the president won. republicans are...
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ounce of compassion this christmas seen save it for boehner. the president treats him as if he has him over a barrel heading toward the fiscal cliff. he is trying to head this off by bargaining with the president to keep the tax rates where they are now and provide revenue for rich people. in exchange mr. boehner wants the president to agree to serious reform to tax reform the biggest driver of the nation's debt. he wants to hire tax revenue and taxes on the rich. he has speak ennothing of entitlement. unreasonable? you bet. on top of it boehner is on attack for being a weak negotiator from the right. he is not a weak negotiator. he has a weak hand. >>> kelly wright is live in washington. hi, kelly. >> good morning to you ainsley. someone would hope so. three weeks from now americans will be celebrating a brand new year but it may be a year unof uncertainty if the white house fail to take action to avert the fiscal crisis or the cliff. president obama tock his message on the road speaking to auto workers to talk about the plan to cut taxes that
ounce of compassion this christmas seen save it for boehner. the president treats him as if he has him over a barrel heading toward the fiscal cliff. he is trying to head this off by bargaining with the president to keep the tax rates where they are now and provide revenue for rich people. in exchange mr. boehner wants the president to agree to serious reform to tax reform the biggest driver of the nation's debt. he wants to hire tax revenue and taxes on the rich. he has speak ennothing of...
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jim demint a tea party leader said speaker boehner's $800 billion tax hike will destroy american jobs and allow politicians in washington to spend even more. disagreements among republicans and democrats here on capitol hill is nothing new, but tuesday a republican aide told us the two sides aren't even talking. not surprisingly the white house disagrees. >> i can guarantee you conversations continue at different levels. and among different groups. >> reporter: both parties are ready to play the blame game in case negotiations fail. >> there's only one person out of 370 million americans who can sign something into law and that's the president. >> 60% of americans are asking the wealthy to pay more. >> reporter: a "the washington post" poll say 53% of americans will blame republicans and 29% would hold the president responsible if the nation goes over the fiscal cliff. the two sides appear close to an agreement on little things. it could lead to higher airline ticket prices and no more mail delivery on saturday. >> oh, boy. susan mcginnis in washington this morning. susan, thank you s
jim demint a tea party leader said speaker boehner's $800 billion tax hike will destroy american jobs and allow politicians in washington to spend even more. disagreements among republicans and democrats here on capitol hill is nothing new, but tuesday a republican aide told us the two sides aren't even talking. not surprisingly the white house disagrees. >> i can guarantee you conversations continue at different levels. and among different groups. >> reporter: both parties are...
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boehner has already put on the table a comparable amount of money to be gained from putting a cap on deductions, about 800 billion over ten years, so such a-- >> look, paul, two reasons. first is ideological. his partisans, his liberal base believe this is somehow a symbol of winning the tax fight and you can only do that by raising the rates on the wealthy in the country and they're insistent on that. the other thing the president is interested in, he wants a double deal and wants to raise tax rates and also take the deductions, the closing of tax deductions and upping the ante, he feels if he doesn't give, doesn't demand that, he's looking at a tie of tax revenue down the line. >> paul: he's raised the ante, not 800 billion, but 1.6 trillion. he's got the rest from deductions, but that's a huge revenue hit. >> first, a huge revenue hit, but that's what the president wants. i think what he really wants is tone act the tax rate increases and make them permanent. there's a kind of conventional wisdom that we'll do these things and sometime next year, and even the president says we'll
boehner has already put on the table a comparable amount of money to be gained from putting a cap on deductions, about 800 billion over ten years, so such a-- >> look, paul, two reasons. first is ideological. his partisans, his liberal base believe this is somehow a symbol of winning the tax fight and you can only do that by raising the rates on the wealthy in the country and they're insistent on that. the other thing the president is interested in, he wants a double deal and wants to...
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john boehner, though, has been really pushing back. he had the news conference yesterday and this is what he said. >> we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. where are the president's spending cuts? the longer the white house slow walks this process, the closer our economy gets to the fiscal cliff. >> so obviously, republicans are trying to change the conversation from taxes to cuts. what do they want? >> well, they want entitlement reform and what we've seen is that the white house has moved a little bit. the president seems to be open to some form of entitlement reform, maybe not what john boehner wants, but they have said in the last couple of days that they will do corporate tax reform. so we are seeing some movement from the white house, but nothing yet from the house republicans. >> all right. john boehner just came to the microphone. he's just met with his caucus. let's see if he has anything new
john boehner, though, has been really pushing back. he had the news conference yesterday and this is what he said. >> we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. where are the president's spending cuts? the longer the white house slow walks this process, the closer our economy gets to the fiscal cliff. >> so obviously, republicans are trying to change...
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december 11th, including new indications that talks may be picking up between president obama and john boehner about the fiscal cliff. >>> also massive protests planned today in egypt and follow-up on the clashes between activists and the military as they call for a million man march. >>> but first let's get to the news here live at 30 rock in new york city. >>> this morning thousands of people are expected to converge on the michigan state capital in lansing as apartment of a troeshlg union battle that's about to unfold. at issue, the so called "right to work." legislation is being pushed through the republican lawmakers that could come to a final vote as early as today. the law would might illegal to require an employee to pay union dues as a condition of their employment. opponents say the legislation threatens to weaken the influence of labor unions in a state that is home to the auto industry and has a long history of organized labor. during a visit to detroit yesterday where he intendeded to focus on the fiscal clivgs president obama waded head first into the union battle. >> what we sho
december 11th, including new indications that talks may be picking up between president obama and john boehner about the fiscal cliff. >>> also massive protests planned today in egypt and follow-up on the clashes between activists and the military as they call for a million man march. >>> but first let's get to the news here live at 30 rock in new york city. >>> this morning thousands of people are expected to converge on the michigan state capital in lansing as...
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john boehner has to let rates go up. i think that's right. whether or not it's to 37 or whether or not we raise the threshold from 250 to something like $500,000 at the point we call people rich, that's a possibility. i think the same thing exists on the entitlement side. there are things that president obama laid on the table in the summer of 2011 we keep talking about. democrats really do not like changes to the measure of inflation applied to social security benefits, and they really do not like raising the eligibility age for medicare. so there are other things that happen? can we scale back the generosity of the obama care subsidies? can we start means testing in additional ways in the medicare program? they have to get creative. >> they got it to get creative, zachary. this comes at the busiest time of the year for retailers and businesses. have you noticed any signs at this point that consumers are at all holding back this holiday season fearing we may go over the so-called fiscal cliff? >> there's a lot of news reports on consumers ho
john boehner has to let rates go up. i think that's right. whether or not it's to 37 or whether or not we raise the threshold from 250 to something like $500,000 at the point we call people rich, that's a possibility. i think the same thing exists on the entitlement side. there are things that president obama laid on the table in the summer of 2011 we keep talking about. democrats really do not like changes to the measure of inflation applied to social security benefits, and they really do not...
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we know that president obama and john boehner spoke by phone. republican sources telling us they had a conversation yesterday. we don't have a readout on what that was about. we don't know that if any meetings have been scheduled. but any small sign of progress is welcome here on capitol hill. now with so many lawmakers headed home and likely to face the ire of their constituents, we saw one protester in baltimore yesterday over social security. there are a few left. today there's a joint economic committee hearing. they're going to hear from a top economist not only about the jobs numbers coming out tomorrow but also about what can be done to avoid this issue at the end of the year. >> tracie potts for us in washington. thank you. >>> last night on the ed show, steny hoyer explains why he thinks the debt ceiling vote should be taken off the table. >> the debt ceiling is a phone y vote, frankly. and from time to time democrats have made it an item that they demagogue down and the republicans have demagogued on it, as well. the debt limit is a re
we know that president obama and john boehner spoke by phone. republican sources telling us they had a conversation yesterday. we don't have a readout on what that was about. we don't know that if any meetings have been scheduled. but any small sign of progress is welcome here on capitol hill. now with so many lawmakers headed home and likely to face the ire of their constituents, we saw one protester in baltimore yesterday over social security. there are a few left. today there's a joint...